Follow Us:
Wednesday, February 26, 2020

Sundaram Finance Q3 PAT rises 4 per cent to Rs 253 crore

Set up in 1954, the Sundaram Finance Group's services include financing for the entire range of commercial vehicles, passenger cars and construction equipment, as well as specially designed working capital products such as fuel finance and tyre finance.

By: PTI | New Delhi | Published: February 11, 2020 11:01:16 am
Vadodara finance firm duping customers, gujarat news, latest news, indian express The board of Sundaram Finance has declared an interim dividend of Rs 10 per share. (Representational Image)

Non-banking finance company Sundaram Finance Ltd on Tuesday reported a 3.8 per cent rise in consolidated profit after tax (PAT) at Rs 252.90 crore for the quarter ended December 31, 2019.

It had posted a consolidated PAT of Rs 243.64 crore in the year-ago period, Sundaram Finance said in a regulatory filing.

However, the consolidated income of Sundaram Finance declined to Rs 1,338.29 crore in the period under consideration, from over Rs 2,224.57 crore a year-ago.

In a statement, the Chennai-headquartered company said its net non-performing assets (NPA) stood at 2.09 per cent as on December 31, 2019.

The board of Sundaram Finance has declared an interim dividend of Rs 10 per share.

Set up in 1954, the Sundaram Finance Group’s services include financing for the entire range of commercial vehicles, passenger cars and construction equipment, as well as specially designed working capital products such as fuel finance and tyre finance.

Shares of Sundaram Finance were trading at Rs 1,685 a piece in morning trade on BSE, down 0.84 per cent from its previous close.

For the latest coverage on Delhi Election Results 2020 log on to IndianExpress.com. We bring you the fastest updates on . Stay Connected.

📣 The Indian Express is now on Telegram. Click here to join our channel (@indianexpress) and stay updated with the latest headlines

For all the latest Business News, download Indian Express App.

Advertisement
Advertisement
Advertisement
Advertisement